If you would like to ask our webinar guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.
The main takeaway for me on this morning's presentation was the estimated production quantities:
4 years DMS producing 125,000t per year (at 2k per tonne) = $250m per annum
10 years floatation at 230,000t per year (at $2k per tonne) = $460m per annum
Total current resource at bougouni $5.6bn.
Not counting other lithium resources and gold.
Lav, not impatient, just trying to get my head around the lack of movement today. Will join you in a little celebration tonight, KOD have just crossed a major threshold, they've just been given more money than their current market cap. With $1.4bn of lithium in the ground (at least). No debt.
Happy days!
So, one more bit of news to calm all nerves... being
(i) the transfer of the Bougouni mining licence from Future Minerals SARL to KMUK's new Mali subsidiary, Le Mines de Lithium de Bougouni SA ("LMLB"); and (ii) the transfer of the Sogola-Nord concession to Future Minerals SARL, which will also be a 100% owned subsidiary of KMUK.
Not trying to deramp, am a LTH and intend to sit on these for at least three years, but just wondering why the price hasn't budged. KOD market cap currently £112m
Just to be clear, I don't see this as a big deal, just admin, but am guessing some investors will be waiting for this:
The Mali government will become a shareholder in the subsidiary mining company following completion of the transfer and finalisation of shareholder agreements and LMLB has been established to be the holder of the Bougouni mining licence and operator of the mine. These transfers will occur at a later date once formal approval of the Direction Nationale de la Geologie et des Mines ("DNGM") in Mali has been received. Kodal continues to liaise with the DNGM to seek completion of the transfers as soon as possible and in the meantime these assets are deemed to be held on trust for the benefit of KMUK, whilst Kodal progresses the Bougouni Lithium project with the funding from Hainan.
With the funding package transferring tomorrow morning can we assume that all the compliance stuff for the Malian govt has been finalised? From October:
Kodal is continuing to work with the Mali Government to finalise the remaining compliance items that will complete the conditions precedent to complete the funding package.
If so, then there is absolutely nothing holding KOD back, if there are still some bits to complete we might see a delay in some of the big boys coming in until it is done. Any thoughts?
If you sold any KOD on this update just give up on investing, it's not for you:
40% resource increase
broker target increased to 1.85p
flotation plant fast track planned
$400m value increase
Xmas target 1.4p
2024 target 2.5p
2026 target 8.4p
DYOR etc...
How long do batteries last?
https://insideevs.com/news/592845/tesla-model-s-passes-1-million-miles/
One guy has done over 1,000,000 miles in his tesla, another did 80,000 and recorded 7.4% battery degradation:
https://cleantechnica.com/2022/11/01/3-years-80000-miles-with-my-tesla-model-3-battery-degradation-maintenance-costs-etc/
My tesla has only done 24,000 miles, but I'm expecting it to last over a decade.
After that, there will be a recycling market, as the lithium can be repurposed for smaller batteries, ad infinitum.
Hey Metrics, "a profit's not a profit until it's in your pocket". Good luck, but I'm looking to hold for at least the next three years, well into the DMS phase and with sound knowledge of the total resource likely for the next stage of the mining operation.
Saying that, if it gets above 1.2p before Christmas I'll probably top slice!
Hi all, I have received an invitation to attend the AGM, but IG index charge to sort it out. Can I simply turn up, or is there another way I can secure my place?
Long term holder, been quiet for 6 months, as there has been very little to say, but looking forward to the run up to Christmas.
I can't see why everyone is talking down this share today, presuming people are simply impatient. Bernard said they needed an extra month to get it over the line. We're only halfway through that timeline, but some on here have already written this off. I have faith in Bernie and don't mind if the deal is closed in May or June, there remains a significant amount of newsflow coming in the next few months. Good to see the share price holding up despite the delay.
Remember - the stock market is a device for transferring wealth from the impatient to the patient.
"The UK and EU are years behind China in terms of EV manufacturing"
Dr Pineapple, I'm utterly amazed just how the West has collectively sleepwalked into this situation. China will have us over a barrel for decades.
Hi Trading, I thought it was likely the Malian authorities that were sitting on our license. No doubt it could have been accelerated if KOD paid a little backsheesh, but I'm in it for the long term, so happy to hold. I do find the timing of their RNSs quite annoying though. Checked just after 7am, as I do every day and thought it was going to be a quiet day. I feel for those that purchased at 8:02am.
RNS tomorrow or Friday morning, looking forward to reading about the transfer of cash, but even more excited about the summer's news flow on both lithium drilling updates, where we could easily see 74% more lithium discovered, as another company - just 60 miles away next door (Firefinch) reported last autumn, and the gold prospects too. Respect to traders who think they can time these announcements, but I'll be happy holding throughout...
You have to remember that half of KOD UK is owned by the Chinese, neither the insurgents or Wagner group will want to mess with them. As Daz says, the country is huge and we have defence forces close by. I'm not particularly worried now, but will continue to watch with interest, things could get ugly, but then we could equally see the war in Europe expand. We play the cards we've chosen and I'm not in the slightest bit worried about the security situation.